Investment profile

Q1 F2025 performance highlights

• Revenue of $3.79 billion, up 5.1% year-over-year or 2.7% year-over-year in constant currency¹;
• Earnings before income taxes of $591.7 million, up 12.3% year-over-year, for a margin¹ of 15.6%;
• Adjusted earnings before interest and taxes¹ of $611.7 million, up 4.7% year-over-year, for a margin1 of 16.2%;
• Net earnings of $438.6 million, up 12.5% year-over-year, for a margin¹ of 11.6%;
• Adjusted net earnings¹, of $449.0 million, up 5.1% year-over-year, for a margin¹ of 11.9%;
• Diluted EPS of $1.92, up 15.0% year-over-year;
• Adjusted diluted EPS^1,2 of $1.97, up 7.7% year-over-year;
• Cash provided by operating activities of $646.4 million, representing 17.1% of revenue¹;
• Bookings¹ of $4.16 billion, for a book-to-bill ratio¹ of 109.8% or 107.8% on a trailing twelve month basis; and
• Backlog¹ of $29.76 billion or 2.0x annual revenue.

Revenue distribution

Service type

• 57% Managed IT and business process services
• 43% Business and strategic IT consulting and systems integration

Client geography

• 32% United States
• 15% Canada
• 15% France
• 12% United Kingdom  
•   6% Germany
•   6% Finland
•   5% Sweden
•   9% Rest of the world.

Vertical markets 

• 38% Government
• 22% Financial services
• 21% Manufacturing, retail and distribution
• 13% Communications and utilities  
•   6% Health

Related links

• View CGI's first quarter F2025 results media announcement (PDF)

• Download the MD&A (PDF)

• Download the financial statements (PDF)

• Download the presentation (PDF)

• Listen to the webcast

Note: All figures in Canadian dollars. Q1-F2025 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian Securities Administrators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

¹Constant currency revenue growth, adjusted earnings before interest and taxes, adjusted earnings before interest and taxes margin, adjusted net earnings, adjusted net earnings margin and adjusted diluted EPS are non-GAAP financial measures or ratios. Earnings before income taxes margin, net earnings margin, cash provided by operating activities as a percentage of revenue, bookings, book-to-bill ratio, and backlog are key performance measures. See “Non-GAAP and other key performance measures” section of this press release for more information, including quantitative reconciliations to the closest International Financial Reporting Standards (IFRS Accounting Standards) measure, as applicable. These are not standardized financial measures under IFRS Accounting Standards and might not be comparable to similar financial measures disclosed by other companies.

²Q1-F2025 adjusted for $10.4 million of restructuring, integration and acquisition-related costs, net of tax; Q1-F2024 adjusted for $37.4 million of restructuring, integration and acquisition-related costs, net of tax.